Coinbase and Circle Start New CENTRE Consortium to Push Stablecoin Forward

2018-10-25 01:50

Tether better watch out because Circle, the company responsible for the Circle’s USD Coin (USDC), has partnered with Coinbase, the largest crypto exchange in the United States and one of the biggest players in the world. The companies have recently announced this joint effort at the CENTRE Consortium, which will speed up the adoption of cryptos backed by USD.

As Circle has already launched its own stablecoin, the USDC, the $3 million USD fintech startup will list its token on Coinbase. This is very important because USDC will be the first stablecoin ever to be listed in this exchange.

Betting on the Coinbase wallet is a great choice because the company was really needing a stablecoin right now and with USDC being paired 1:1 with the USD, it is a good choice, especially when you consider that older stablecoins like Tether are getting increasingly less prominent and losing their place in the market as new tokens are appearing.

An Open But Regulated Financial Financial System

The companies have told the media that they share a vision for an open global financial system when they announced the partnership. As many companies are announcing new tokens with stability as a feature, the companies intend to catch some of the clients that are interested now.

The co-founders of Circle, Jeremy Allaire and Sean Neville, have affirmed that Coinbase and Circler share a vision for a global system that will be built over the blockchain technology and that realizing this vision will require partnership, so listing the USDC will be a major step for both companies in getting closer to this goal.

According to them, USDC is easier to program, send and use in apps, which makes it easy to use as traditional US Dollars but with all the advantages of cryptocurrencies.

Just so everyone is aware, there is a backdoor in the USDC stablecoin launched by @coinbase today which allows any address to be blacklisted and funds frozen. pic.twitter.com/Z0Y9PDEfsK

— Eric Conner (@econoar) October 23, 2018

Centralized

The token will be fully regulated and centralized, though, which have caused some concern with the people who are more in tune with Satoshi’s original vision. With Know Your Customer and Anti-Money Laundering verification, you will not control your own keys like you do with Bitcoin, so some people are questioning whether this new ecosystem will be really open or not.

Rumors of a backdoor that allows funds to be blacklisted and frozen have also concerned people in the crypto community. The truth seems to be clear, though. USDC is not for crypto enthusiasts, but for common users who do not care that they are not the “real” owners of their digital money. Because of this, Satoshi followers will probably loathe the token.

Some people have also been concerned that the value will be “less than $1 USD” because you are not in control of your cash, which can become a burden with time.

In fact, most tokens are centralized, so it is not so worrisome that USDC will also be as most tokens continue to work well even with the centralization. If that is a big no for you, though, you might just look for a stablecoin somewhere else.

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circle coinbase → Результатов: 50


BREAKING: Coinbase Acquires Stake In Circle As Centre Consortium Fades Away

In a significant development for USD Coin (USDC), Coinbase and Circle, the two companies behind the stablecoin, have reached a new agreement that brings changes to its governance and funding.  This move comes at a crucial juncture as USDC faces evolving global regulatory challenges and intensifying competition from other stablecoins, including Tether and the recently […]

2023-8-22 00:17


Circle Lists Basic Attention Token (BAT) Just Days After Coinbase

Following Coinbase Listing, Basic Attention Token (BAT) Gains Traction On Circle Circle Invest, Boston-based Circle’s crypto asset-centric platform, has just revealed that it will be adding Basic Attention Token (BAT), the Brave Browser’s altcoin of choice, to its so-called “Invest” platform, which, in many respects, is similar to Coinbase Consumer (Coinbase.

2018-11-12 04:04


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Coinbase Introduces Circle’s Center Stablecoin on Exchange, Critics Cry Foul

Cryptocurrency giants Coinbase and Circle recently announced on October 23, 2018, the addition of the Center (USDC) stablecoin on the former’s exchange. According to the Coinbase blog, it is the first time the cryptocurrency exchange has supported a stablecoin which it believes is fundamentally different from any existing stablecoins in the market.

2018-10-24 18:00


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Circle & Coinbase Partner Up For a Better Stablecoin, But There’s a Catch

Circle and Coinbase, two of the largest and most popular cryptocurrency companies, are partnering to improve the stablecoin concept, but there’s a catch.   The CENTRE Consortium for a Better Stablecoin On Tuesday, both companies announced the CENTRE Consortium, a joint venture that aims to speed up adoption of cryptocurrencies backed by actual fiat currencies like US dollars.

2018-10-24 12:00


Монета компании Circle стала первым стейблкоином на Coinbase

Криптовалютная биржа Coinbase 23 октября объявила о поддержке на своей площадке первого стейблкоина. Им стал USD Coin (USDC) от компании Circle. Биржа сообщила в блоге, что американские клиенты за пределами штата Нью-Йорк теперь могут покупать, продавать, отправлять и получать USDC, о за...

2018-10-24 08:42


Regulators Approve Coinbase to Offer Custody Services in New York State

Coinbase has secured approval from New York state regulators to act “as a limited purpose trust company” in the state, a press release reveals. According to the release, the New York Department of Financial Services (DFS) has officially signed off on an application for the Coinbase Custody Trust Company, a subsidiary of Coinbase Global, Inc.

2018-10-24 00:55


Фото:

Coinbase And Circle Form A Joint Venture To Boost Circle’s Stablecoin

They may have been fierce competitors in the past, but Coinbase and Circle have now come together to boost Circle’s USDC stablecoin. Known as the CENTRE Consortium, the joint venture between the two industry giants aims to take the lead in the stablecoin market by ‘establishing the standards required and building the technology needed for […] The post Coinbase And Circle Form A Joint Venture To Boost Circle’s Stablecoin appeared first on NullTX.

2018-10-24 23:53


Coinbase анонсировала поддержку стейблкоина USDC

Американская криптовалютная компания Coinbase объявила о добавлении поддержки стейблкоина USD Coin (USDC), выпущенного платёжной компанией Circle в прошлом месяце. Начиная с сегодняшнего дня клиенты Coinbase в обслуживаемых юрисдикциях могут покупать, продавать, отправлять и принимать USDC через Coinbase.

2018-10-24 21:30


Фото:

Coinbase добавила поддержку стейблкоина USDC

Американская криптовалютная компания Coinbase добавила поддержку стейблкоина USDC от биткоин-стартапа Circle на платформе Coinbase.com и в мобильных приложения для iOS и Android.

2018-10-24 21:29


Coinbase добавила поддержку стейблкоина USDC

Американская криптовалютная компания Coinbase добавила поддержку стейблкоина USDC от биткоин-стартапа Circle на платформе Coinbase. com и в мобильных приложения для iOS и Android. Coinbase is launching support for the USDC stablecoin.

2018-10-23 20:16


CryptoTrading Technologies Unveils Voyager Institutional For Investors to Rival Coinbase and Circle

CryptoTrading Unveils Voyager Institutional As Glenn Barber Is Appointed As Chief Investment Officer CryptoTrading Technologies, LLC launched a new institutional service, Voyager Institutional, this Thursday to enhance traders’ interest towards crypto exposure on over the counter (OTC) trading markets.

2018-9-15 06:18


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KYC-Friendly Companies Establish ‘Blockchain Association’ Lobbying Group in DC

High-profile cryptocurrency companies and tech veterans are joining forces to form the Blockchain Association — the very first DC-based lobbying group. Fully-Fledged Lobbying Group Prominent cryptocurrency companies such as Coinbase, Circle, Protocol Labs, as well as investors in the field like Digital Currency Group, Polychain Capital, and others, are among the founding members of Blockchain Association, Washington Post reports.

2018-9-13 17:00


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Lobbying Group in Washington Opens Doors to Represent the Crypto Community

High-profile cryptocurrency companies and well-known technology entrepreneurs announced on September 11, 2018, that they will form a lobbying group in Washington called the Blockchain Association. According to the Washington Post, the Blockchain Association is designed to represent investors and entrepreneurs who are building and supporting blockchain technology.

2018-9-13 01:00


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В США появится Ассоциация блокчейн для лоббирования интересов криптоиндустрии

В США будет создана Ассоциация блокчейн. В числе учредителей криптовалютные компании Coinbase и Circle, технологический стартап Protocol Labs, а также инвесторы Digital Currency Group и Polychain Capital.

2018-9-12 14:52


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Wirex стал третьей компанией, получившей лицензию E-money от FCA

Международная компания Wirex объявила о получении лицензии E-money №902025 от FCA, регулятора финансового рынка Великобритании. В мире насчитывается всего три компании из сектора блокчейна и криптовалют, которые обладают этим разрешением.

2018-8-23 13:58


Wirex получила третью по счету лицензию на предоставление услуг в Великобритании и Европе

Криптовалютная платформа Wirex стала третьей по счету компанией, получившей от Управления по финансовому регулированию и надзору Великобритании (FCA) лицензию на осуществление операций с электронными деньгами (E-money).

2018-8-22 13:48